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Dec 7, 2013
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tax and spend. if i were the republicans i would do nothing. let the sequester happen. >> what are we on now, three years of rollicking with our fiscal policy. it's interesting just how mum everyone's been as this week wrapped up. so we'll see what happens in the coming days, but it's notable that there isn't a whole lot of speculation. i certainly -- i heard loud and clear what john just said. but beyond that, we don't know. >> well, i think there's no appetite for a shutdown. i agree. but jimmy, i don't know, i'm not sure i really understand the politics here from the republicans side. talk to me. talk to me about this because they have the hand. they hold the ace of the gop. why do they have to mess around with this kind of package? >> since 2009, two amazing things have happened. one, somehow we got almost all of the bush tax cuts extended. that's pretty good and somehow we have had to back-to-back years with the declining spending that's the first time that happened since the korean war. >> whi
tax and spend. if i were the republicans i would do nothing. let the sequester happen. >> what are we on now, three years of rollicking with our fiscal policy. it's interesting just how mum everyone's been as this week wrapped up. so we'll see what happens in the coming days, but it's notable that there isn't a whole lot of speculation. i certainly -- i heard loud and clear what john just said. but beyond that, we don't know. >> well, i think there's no appetite for a shutdown. i...
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Dec 6, 2013
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i would rather see wage subsidies, direct government wage subsidies or some kind of negative income tax which is totally transparent but unfortunately, we do not have the time this evening to pursue all these options. pardon my skepticism about the seiu, however. i'm still going to stay with that. >>> now, if you tune in to nbc's "meet the press" this sunday, i will be talking about this with host david gregory. "meet the press" airs at 9:00 a.m. eastern time. many of the nbc stations. please check your local listings. >>> all right. many thanks to carrie wof ford and rick berman. appreciate your points of view. >>> the clock is really ticking on obama care. we know millions of americans have already lost their insurance effective january 1st because of obama care. for those people and anyone else who wants to sign up for new policies and be covered on new year's day, the deadline is actually december 23rd. that's not far away. doesn't say much about the sticker shock of the premiums, even speaker john boehner experiencing that today. take a listen. >> my health insurance premiums are g
i would rather see wage subsidies, direct government wage subsidies or some kind of negative income tax which is totally transparent but unfortunately, we do not have the time this evening to pursue all these options. pardon my skepticism about the seiu, however. i'm still going to stay with that. >>> now, if you tune in to nbc's "meet the press" this sunday, i will be talking about this with host david gregory. "meet the press" airs at 9:00 a.m. eastern time. many...
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Dec 5, 2013
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they leave out the earned income tax credit, for example. these things are so -- >> you have to look at the report that says all of that stuff. >> we did. that looks much better. jared, let me ask you this. i listened to the president's so-called solution today. he wants to raise the minimum wage, right? he wants more infrastructure spending. he wants to end tax loopholes. he wants more spending. can i just say how totally boring that is? that's all he ever says. the guy either needs, a, a new speech writer or, b, a new policy or preferably both because he can't keep standing up with the same four silly bullets and say that that is going to improve the american economy which is producing the worst economic recovery in the modern era. >> i wouldn't expect you to -- i wouldn't expect you to like three of those four, but the fact that he has consistently talked about lowering the corporate tax -- >> but he didn't talk about that today. >> he did. >> he just talked about closing loopholes. >> he's referencing his plan to lower the corporate rate
they leave out the earned income tax credit, for example. these things are so -- >> you have to look at the report that says all of that stuff. >> we did. that looks much better. jared, let me ask you this. i listened to the president's so-called solution today. he wants to raise the minimum wage, right? he wants more infrastructure spending. he wants to end tax loopholes. he wants more spending. can i just say how totally boring that is? that's all he ever says. the guy either...
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Dec 3, 2013
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inflation is a tax. you lower the inflation rate, that's a cut. oil is a tax. i know the retail stuff is disappointing and dominic's reporting is accurate. on the other hand, the economy is growing at 2%, 2.5%. profits are rising, interest rates are low. you're not going to have the fed slow down in bond buying until march. that's my message from today's retail sales. >> i agree with you. the last part you mentioned is the most important of all. what's really spurred the stock market has been janet yellen. we're going to get a continuation of bernanke's policies and at least for the near term possibly even an acceleration -- at least versus expectations. people who thought taper was going to be in september, that obviously didn't happen. i don't think taper is happening imminently. spring at the earliest. that's enough probably to keep assets going. having said that, you want to be in careful places. go-go momentum stocks have seen drops -- >> we should be going through and parsing this out. but i'm an index guy. i know i'm not smart enough -- dom dominic, the
inflation is a tax. you lower the inflation rate, that's a cut. oil is a tax. i know the retail stuff is disappointing and dominic's reporting is accurate. on the other hand, the economy is growing at 2%, 2.5%. profits are rising, interest rates are low. you're not going to have the fed slow down in bond buying until march. that's my message from today's retail sales. >> i agree with you. the last part you mentioned is the most important of all. what's really spurred the stock market has...
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Dec 4, 2013
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they are a tax cut for consumers. they are a tax cut for businesses. that is good for the economy and, therefore, that's good for the stock market. >> agreed, larry, but we had a $4 pop in crude oil. so i think they cut a lot of shorts on hand. it's all about this pipeline, this connection from cushing down to port arthur coming online in january. it caught these shorts on the run. now we're seeing this movement up. lower prices are better for the consumer but right now it seems like we're going test out and see if we can get back to 100. >> that's going change. that's just technical stuff. that's pipeline stuff. that will change and get straight end out. whether the keystone gets built or not is a different question. look, i don't think -- scott, i don't think this is goldilocks because to me goldilocks was 4% growth and 2% inflation. it is kind of mini, mini goldie lock, 2, 2.5% growth and 0% inflation. in that environment, long run investors which is the only kind of investing makes stones me, hang in there, ignore these blips and stay with it becau
they are a tax cut for consumers. they are a tax cut for businesses. that is good for the economy and, therefore, that's good for the stock market. >> agreed, larry, but we had a $4 pop in crude oil. so i think they cut a lot of shorts on hand. it's all about this pipeline, this connection from cushing down to port arthur coming online in january. it caught these shorts on the run. now we're seeing this movement up. lower prices are better for the consumer but right now it seems like...
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Dec 10, 2013
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reform that would broaden the base and lower the tax rates. i can think of nothing that would help the economy more. what do you think about this? >> nothing in this near-term deal. there is an appetite for what you described particularly on the business side of the equation on corporate taxes. the white house has a plan to do precisely what you described, maybe not get the rate down the way you'd like it but they do have a plan. here's something i'd like to ask the representative about. i understand that you want to -- that there are republicans up there who want to keep the appropriations levels to where they are already. they're not that interested in this new deal. and i heard you criticizing the sequester in terms of the economic impacts. but my question is, it seems to me -- not trying to play gotcha here. just observing things like how rogers says, we can't write bills to these levels of 967. we have to get rid of the sequester is we're going to be able to actually successfully appropriate. what about that? >> dave, i'm going to give yo
reform that would broaden the base and lower the tax rates. i can think of nothing that would help the economy more. what do you think about this? >> nothing in this near-term deal. there is an appetite for what you described particularly on the business side of the equation on corporate taxes. the white house has a plan to do precisely what you described, maybe not get the rate down the way you'd like it but they do have a plan. here's something i'd like to ask the representative about....